Multiple Choice
Which of the following is true in the long run?
A) The aggregate demand curve determines the level of potential output.
B) The long-run aggregate supply curve is horizontal.
C) The actual price level is less than the expected price level.
D) Cyclical unemployment is between 5 percent and 6 percent.
E) The price level is determined entirely by the aggregate demand curve.
Correct Answer:
Verified
Correct Answer:
Verified
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